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Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
 Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germany in Q1 2013
COALspot.com - The Coal Importer Association (Verein der Kohlenimporteure e.V., VDKi) of Germany presented the initial figures from the world hard coal market and the German hard coal import market for Q1 2013 at its annual Members’ Assembly, held in Hamburg.
During his report to the members, Dr Wolfgang Cieslik, the Coal Importer Association’s CEO and executive officer at Steag GmbH, spoke about current topics of interest for the energy economy.
World Hard Coal Consumption
The rise in world consumption of hard coal in 2011 by 2.3% (= 380 million TCE) to 17.3 billion TCE was primarily a consequence of the rise in hard coal consumption of about 5% (= 240 million TCE) to 5.5 billion TCE. The VDKi expects yet another worldwide increase in hard coal consumption of about 300 million tonnes, corresponding to growth of over 5%, for 2012.
When it came to predictions for 2013, the Coal Importer Association showed its cautious side: economic outlook for 2013 tends to be rather reserved for the OECD, and even the economies in the Asian countries, previously the driving factor behind the dynamics, have lost some of their impetus. The recession is apparently taking hold in Europe and has reached Germany as well. As a consequence, the Coal Importer Association determined stagnation or only a slight rise in the demand for electric power at the end of Q1 as well as a decline in iron and steel production in the Pacific region.
According to the estimates by the Coal Importer Association, seaborne global hard coal trade grew by only 47 million tonnes (slightly over 4%) during the first three months of this year.
Europe and Germany
The situation appears rather different in Europe. Essentially, Europe currently has large surpluses. The only contrary trend is that the declining hard coal output in Germany, Spain and Poland is being compensated in part by imports. However, the recession, above all in the Southern European countries of the euro zone which are still in crisis, has caused lower power consumption. The long winter and the lower clean dark spread (costs for coal, freight and CO2 certificates) in comparison with the clean spark spread (costs for gas, transport and CO2 certificates) favour coal imports to Europe, especially to Germany, the UK, Spain and Italy.
On the other hand, the continued growth in the feed-in of power from renewable energy sources, especially from photovoltaics, in Germany, Italy and Spain could have a dampening effect on the demand for coal, especially in the summer months. In this respect, the utilization of steam coal is increasingly becoming an inverse function of the amount of sunlight.
Nevertheless, the results from the first quarter of 2013 for Germany give the VDKi reason to be cautiously optimistic:
-- Power generation from hard coal-fired power plants in Germany rose by an estimated 3 TWh to about 42 TWh;
-- According to data from the AGEB, hard coal consumption for power generation rose by 14.5% to 14.5 million TCE;
-- Provisional calculations from the Coal Importer Association shows that the import of steam coal increased by about 2 million tonnes to over 10 million tonnes;
-- Gross power export rose by almost 70% in comparison with the same period of the previous year to 21 TWh; less imports, there is still an export surplus of 12 TWh, generated primarily in hard coal-fired power plants.
In his remarks on the energy business, the CEO paid special attention to the future role of hard coal-fired power plants for the energy turnaround.
“They are not only indispensable for the energy turnaround, they are in actual fact the true pillars of the grid, and will remain so today and tomorrow. This has been unambiguously documented in the Prognos study commissioned by the Coal Importer Association. Starting from the basis of the targets set forth by the German government, the study comes to the conclusion that the thermal hard coal-fired power plants and their dependable availability will remain the foundation of power supply security even in 2050, despite the growing generation of power from wind and photovoltaic farms.” But Cieslik warned against becoming too euphoric.
According to Cieslik, “The thermal power plants urgently need a new power market design within a functioning energy-only market. The current market design distorts competition, featuring as it does subsidies of renewable energies via the EEG and the right to prioritised feed-in regardless of the actual demand for power, and puts thermal power plants at a competitive disadvantage, posing a genuine threat to their continued operation and evolvement for the security of supplies and the affordability of power.” Since politicians are generally aware of this and enough proposals for a revision of the power market, in particular the introduction of capacity markets, have been put on the table, Cieslik is calling for the political world to come up with a new power market design, one which also includes a reform of the EEG.
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Regarding the countries of origin, strikes and other supply disruptions in Colombia significantly shifted the relationships among procurement sources during the first quarter. 31% of all hard coal was procured from Russia, followed by 23% from the USA. Colombia, the second-most important coal supplier for Germany in 2012, fell to third place and provided only 14%. The significance of South Africa for German hard coal imports improved again to 9%.
Source: Coal Importer Association, Germany (Verein der Kohlenimporteure e.V., VDKi)
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Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
Friday, 05 April 13
SGX API 8 CFR SOUTH CHINA COAL SWAPS TO GO LIVE
COALspot.com - The Exchange has announced that the SGX API 8 CFR South China Coal Swap will go live for clearing on SGX-DC starting from 29 Ap ...
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- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
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- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
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- Indian Energy Exchange, India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- White Energy Company Limited
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
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